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The Freedom Budget at 45: Functional finance and full employment

Forstater, Mathew - 2011

Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and...

Persistent link: https://www.econbiz.de/10010286508

Desperately seeking revenue

Altshuler, Rosanne; Lim, Katherine; Williams, Roberton - 2011

In August 2009 the Congressional Budget Offi ce warned that the budget was on an unsustainable path. Preventing federal debt from growing faster than the economy over the long-run requires large increases in revenues and/or decreases in spending. We explore, using the Urban-Brookings Tax Policy...

Persistent link: https://www.econbiz.de/10010286959

Fiscal consolidation in America: The policy options

Altshuler, Rosanne; Bosworth, Barry - 2011

This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government....

Persistent link: https://www.econbiz.de/10010286962

China's exchange rate impasse and the weak U.S. dollar

McKinnon, Ronald; Schnabl, Gunther - 2008

In assessing Alexander Swoboda's great influence on economics, two themes stand out: the determinants of global inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal policies. Although seemingly narrowly focused on China, our...

Persistent link: https://www.econbiz.de/10010304732

Financialisation and stagnation: A macroeconomic regime perspective

Hein, Eckhard - 2020

high inequality and weak capital stock growth. …

Persistent link: https://www.econbiz.de/10012292734

Did the Fed and ECB react asymmetrically with respect to asset market developments?

Hoffmann, Andreas - 2012

This paper studies the monetary policy of the Federal Reserve (Fed) and the Bundesbank / European Central Bank (ECB) with respect to stock or/and foreign exchange markets from 1979 to 2009. I find that Fed policy changed over time, dependent on the chairman of the Fed. During the Greenspan era...

Persistent link: https://www.econbiz.de/10010308139

On the Causality Between Saving and Growth: Long- and Short-Run Dynamics and Country Heterogeneity

Andersson, Björn - 1999

growth through capital accumulation. This paper contributes to this literature. As opposed to the previous studies, which …

Persistent link: https://www.econbiz.de/10010321740

Land inequality and the origin of divergence and overtaking in the growth process: Theory and evidence

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2003

from an agrarian to an industrial economy generating diverging growth patterns across countries. Land abundance, which was … beneficial in early stages of development, generated in later stages a hurdle for human capital accumulation and economic growth … of industrialization affected the transition to modern growth and has brought about changes in the ranking of countries …

Persistent link: https://www.econbiz.de/10010318867

Land inequality and the emergence of human capital promoting institutions

Galor, Oded; Moav, Omer; Vollrath, Dietrich - 2005

This research suggests that favorable geographical conditions, that were inherently associated with inequality in the distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public schooling and child labor regulations), and thus the...

Persistent link: https://www.econbiz.de/10010318918

Rural development in Second Five Year Plan : contradictions, conflicts inconsistencies, and inadequacies in objectives, policies and techniques

Ahmad, Abu - In: Bangladesh journal of political economy 5 (1981) 1, pp. 254-264

Persistent link: https://www.econbiz.de/10001807527